This dissertation consists of three essays on the role of management teams in private equity funds. These funds are managed by a small number of key investment personnel that act as agents for their investors who commit considerable amounts of capital over a long-term horizon. Each essay...

In this paper, we investigate the role of educational ties in private equity. Although we cannot observe all the funds that bid for a target company, we construct the set of potential bidders based upon their size and investment cycle, as well as the location and sector of their target...